Professional
Added to YB: 2025-02-17
Pitch date: 2025-01-26
CABP.L [neutral]
CAB Payments Holdings plc
+35.44%
current return
Author Info
No bio for this author
Company Info
CAB Payments Holdings plc, through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia.
Market Cap
GBP 201.6M
Pitch Price
GBP 0.60
Price Target
N/A
Dividend
5.29%
EV/EBITDA
19.45
P/E
10.16
EV/Sales
-3.73
Sector
Financial Services
Category
value
Brennan Asset Management Portfolio Holding: CAB Payments Holdings Limited
CABP.L: StoneX £1.45/share bid withdrawn after CAB's Q4 guidance cut. Lower EM flows, reduced take rates, IDO slowdown. 2024 volumes +7% vs -4% SWIFT, -2% Sub-Saharan Africa. No debt, trades <50% of offer. New exec team struggles with forecasts. Dollar strength headwind. Sold for tax purposes. Upside potential but awaiting operational progress.
Read full article (2 min)